2017 HARP Refinance

The Obama Administration’s Home Affordable Refinance Program (HARP) is designed to assist
homeowners in refinancing their mortgages even if you owe more than the home’s current value.

If you currently have a Fannie Mae mortgage and are current on your mortgage with or without equity then you are
eligible for this program. As the government continues to purchase
mortgage backed securities, rates continue to fall and are at
record lows.

The Home
Affordable Refinance Programallows you take advantage of current market rates even if you are underwater. Take advantage of the Home
Affordable Refinance Program and lower your monthly payment or term using the Fannie Mae streamline process.

Homeowners who are current on their mortgages but have been
unable to take advantage of today's lower interest rates because their
homes have decreased in value, may now have the opportunity to
refinance.

If loan being refinanced does not currently have PMI then the new loan will not require PMI. The new loan must provide a benefit to the borrower in the form of a reduced P&I payment of at least 5% or more stable program.

The program should:

Reduce the interest rate

Replace an ARM or Interest-Only payment loan

Reduce the monthly Principal and Interest payment

Reduce the amortization term

Credit score requirements:

No minimum credit score HARP refinance

Zero mortgage late in last 6 months

One times 30 days late in last 7 - 12 months

The objective of a refinance under Home
Affordable Refinance Program is to provide creditworthy
homeowners who have shown a commitment to paying their mortgage the
opportunity to get into a new mortgage with better terms.

Homeowners whose mortgage interest rates are much higher
than the current market rate should see an immediate reduction in their
payments. Homeowners who are paying interest only, who have a low
introductory rate that will increase in the future, or who face a
balloon payment may not see their current payment go down if they
refinance to a fixed rate and payment. These homeowners, however, could
save a great deal of money by reducing the amount of interest you pay
over the life of the loan.

We recognize the importance to you of keeping your information secure
and confidential. We will not sell or share your personal information.

www.MORTGAGE-WORLD.com, LLC is not an agency of the state or federal government and is not affiliated with the Federal Housing Administration.
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